New Zealand Tax News

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Discussion document released on reducing compliance costs of small and medium-sized businesses

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Treaty between Czech Republic and New Zealand – details

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Report back to Parliament of Taxation (Annual Rates, Business Taxation, KiwiSaver, and Remedial Matters) Bill

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Protocol between United Kingdom and New Zealand signed – details

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New rules for CFCs – exemption for active income

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Treaty between Czech Republic and New Zealand to be signed

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Government to close PIE tax loopholes

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Limited Partnerships Bill introduced

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OECD releases revised draft of Part IV (Insurance) of the Report on Attribution of Profits to Permanent Establishments

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Deemed rate of return for taxing foreign investment fund interests set for 2006-07 income year

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Treaty between New Zealand and Mexico enters into force

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Tax changes to stop overseas asset lease schemes

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Discussion draft on application and interpretation of non-discrimination article of OECD Model – details

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KiwiSaver and Company Tax Rate Amendments Act passed

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Budget for 2007/08 – details

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Protocol to treaty between Australia and New Zealand enters into force

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Treaty between New Zealand and Austria ratified

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Treaty between New Zealand and Mexico ratified

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Revised Commentary on Article 7 of OECD Model released

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Agreement between New Zealand and the Kingdom of the Netherlands in respect of the Netherlands Antilles on exchange of information relating to tax matters signed

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Final Report on Improving the Resolution of Tax Treaty Disputes

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Treaty between Spain and New Zealand - details

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Report on Attribution of Profits to PEs released

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CFC rules to be relaxed

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Treaty between Mexico and New Zealand – details

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Treaty between Austria and New Zealand signed

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Treaty between Spain and New Zealand enters into force

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Proposal to tax foreign dividends at deemed rate of return

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Tax implications of IFRS adoption – issues paper released

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Protocol to treaty between Singapore and New Zealand enters into force

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